Analysts expect Dime Community Bancshares, Inc. (NASDAQ:DCOM) to announce $0.35 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Dime Community Bancshares’ earnings. Dime Community Bancshares posted earnings of $0.30 per share in the same quarter last year, which suggests a positive year over year growth rate of 16.7%. The company is scheduled to report its next earnings report on Thursday, April 26th.
On average, analysts expect that Dime Community Bancshares will report full year earnings of $1.45 per share for the current year. For the next fiscal year, analysts anticipate that the company will report earnings of $1.50 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Dime Community Bancshares.
Dime Community Bancshares (NASDAQ:DCOM) last announced its earnings results on Thursday, January 25th. The savings and loans company reported $0.34 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. Dime Community Bancshares had a return on equity of 8.30% and a net margin of 22.21%. The business had revenue of $52.44 million during the quarter.
Shares of Dime Community Bancshares (NASDAQ DCOM) traded down $0.13 during trading hours on Wednesday, hitting $18.72. The company’s stock had a trading volume of 52,152 shares, compared to its average volume of 191,154. Dime Community Bancshares has a fifty-two week low of $17.80 and a fifty-two week high of $22.65. The stock has a market capitalization of $718.45, a price-to-earnings ratio of 13.43 and a beta of 0.74. The company has a quick ratio of 1.40, a current ratio of 1.31 and a debt-to-equity ratio of 2.14.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th were issued a $0.14 dividend. The ex-dividend date was Monday, February 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.99%. Dime Community Bancshares’s payout ratio is 40.29%.
In related news, Director Steven D. Cohn sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $19.21, for a total value of $192,100.00. Following the completion of the sale, the director now owns 81,990 shares in the company, valued at $1,575,027.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stuart H. Lubow purchased 2,300 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average price of $19.25 per share, with a total value of $44,275.00. The disclosure for this purchase can be found here. Insiders purchased 4,300 shares of company stock valued at $81,980 in the last quarter. 7.30% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC purchased a new stake in Dime Community Bancshares during the third quarter worth $213,000. Teacher Retirement System of Texas purchased a new stake in Dime Community Bancshares during the fourth quarter worth $228,000. Asset Management One Co. Ltd. purchased a new stake in Dime Community Bancshares during the third quarter worth $313,000. MetLife Investment Advisors LLC purchased a new stake in Dime Community Bancshares during the fourth quarter worth $325,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in Dime Community Bancshares by 47.6% during the third quarter. BNP Paribas Arbitrage SA now owns 16,682 shares of the savings and loans company’s stock worth $359,000 after buying an additional 5,378 shares during the period. Hedge funds and other institutional investors own 72.90% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece was published by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & international copyright law. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2018/03/14/0-35-earnings-per-share-expected-for-dime-community-bancshares-inc-dcom-this-quarter.html.
Dime Community Bancshares Company Profile
Dime Community Bancshares, Inc operates as a holding company for Dime Community Bank (the Bank), a chartered savings bank. The Company is a unitary savings and loan holding company. The Company operates through Community Banking segment. The Bank’s principal business is gathering retail deposits, and lending them primarily in multifamily residential, commercial real estate and mixed use loans, as well as investing in mortgage-backed securities (MBS), obligations of the United States Government and Government Sponsored Entities (GSEs), and corporate debt and equity securities.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Dime Community Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dime Community Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.